Showing posts with label subsidence. Show all posts
Showing posts with label subsidence. Show all posts

Tuesday, February 18, 2014

Cottaging Again - Tuesday


‘Everything okay?’ I ask as I come back to a quiet office and a glum looking T, my assistant manager.
‘We’ve had two more offers.’ Replies T with less enthusiasm than I’d prefer. Just like that time two aggressive drunks accosted me on a narrow walkway behind those council flats, I sense a problem.

Normally we crave offers and sometimes no matter how many adverts you place, how many sets of details you snail-mail or email, no matter how many viewings you conduct, a single offers isn’t forthcoming. T has two, so they can’t be good.

‘Which property?’ I ask warily, already knowing the probable answer.
‘The cottage,’ says T. ‘It’s always the bloody cottage at the moment.’
‘Any chance of a mortgage placement?’ Asks fat M our financial advisor M, waddling back from the gents’ toilet for at least the third time this morning. I dread to think how his lower intestine looks, his gait across the office resembles a peristaltic movement.

‘It’s cash buyers only!’ Shout T and negotiator S in unison. S doesn’t often get angry but when she does her breasts heave most distractingly. There should be an adult’s only warning on her desk, perhaps one of those red circles the film censors use with the figure 18 in the centre - or maybe it’s just me…

‘Alright. Calm down.’ Respond M, fat jowls flapping alarmingly. Please don’t say it, I think, moments before he adds, not for the first time. ‘A man has to eat.’ 
He see-saws back to his office leaving the faint aroma of cheap cooked fatty product I get when I succumb to a sausage roll from Greggs.

‘He’ll still have to qualify them.’ I tell T ruefully.
‘Not much point they both need massive mortgages and there’s no way they’ll get them on that place.’
‘You’ve told them that, obviously.’ I say to T.
‘Obviously.’ 

The cottage in question is the sort of dilapidated home couples with more desire to have their fifteen minutes of fame, than to save a decent deposit, end up drooling over on those ghastly property based television programmes that proliferate on daytime television. And as for the so called property ‘expert’ presenters, well lets just say - they are not.

To my certain knowledge the cottage requires at least £50,000 worth of updating, new wall ties on one elevation and some underpinning to the poorly constructed rear extension. I advised the beneficiaries to take it to auction, for a binding contract and the right sort of buyer. One son of the deceased agreed, the two other siblings wanted the ethereal promise of much more money if some mug punter could pay over the odds and find a dodgy lender.

‘They are just greedy.’ Says T disdainfully, referring to the battling beneficiaries. By the state of the cottage none of them helped out with the late mother’s cleaning and maintenance needs.
‘That’s just families.’ I tell T, as we discuss the best way to present the offers to the trio. There’s a sale in progress already, one arranged at a figure they weren’t over-enamoured with, but to a cash buyer, fully aware of what they were taking on.

‘Is there no way we can just lose the bids?’ Asks F, my intellectually-challenged trainee, joining the discussion.
‘It’s illegal.’ Parrot T and S in unison again. I hope T’s not doing anything else in tandem with her.
‘But there’s no way they’ll ever buy the place,’ persist F. ‘They’ll just trash the other sale then pullout three months down the line when they can’t get funding.’ From the mouths of imbeciles, sometimes comes sense. Sometimes.

M is going to need to confirm the two ill-informed buyers’ finical arrangements, something they won’t take kindly to, then I’m going to need to explain to three barely communicating siblings why an extra £10,000 or £15,000 respectively isn’t worth a hill of beans, if the buyers ultimately can not proceed.

 ‘My sister wants to take the extra £15,000,’ Says the more reasonable brother mid-afternoon. She won’t get it, I want to scream, not even her third of it.
‘You’ll tell the other buyers won’t you?’ States the brother.


No problem.

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Monday, May 28, 2012

Just Another Day - Monday


‘Before you begin I’m not selling on the cheap.’ Announces the frosty woman who opens the door of a mock Georgian semi-detached house on a late seventies development, that has seen better days. It’s not the best of starts and the opposition estate agent’s board wedged down the side alley gives a big clue as to her – not unique – lack of love for the industry. But sometimes it’s better to be second or third in, when reality has finally started to dawn.

I hand her my card and we do the introductions. She’s standoffish and I sense the hostility even before the yappy dog tries to bite my ankles.
‘He’s just being friendly.’ Announces the woman as the little hairball paws and nips at my suit trouser leg and I have to make a superhuman effort not to kick the bitch half way up the hall.

‘So tell me how the marketing has been going?’ I open once we’ve done a quick tour of the house; flowery décor, kitchen showing its age - like the owner – and sanitary ware in need of updating. We’re now in the lounge/diner and I note the wood flooring is lifting and there’s an ominous looking gap between skirting and parquet. The area is a good one still, but the development has been known to suffer subsidence, as the footings weren’t deep enough originally. I suspect there’s some movement although I’m guessing it won’t be acknowledged, on the walls or on the price.

‘I’ve tried three agents over the last eighteen months.’ Says the woman sourly. ‘All useless.’ I know who they are, as I’ve done my homework and she’s two-thirds right, but then she’s also been trying to get a good thirty grand more than the house is worth. And that’s before a surveyor spots the crooked doors and floors and asks for a structural engineer’s report. I’m not sure I even want this house on my books. Some homes and some owners are more trouble than they’re worth.

‘How do you feel the other agents have been going wrong?’ I probe, looking for ammunition.
‘They didn’t advertise it properly and then they brought entirely the wrong type of people round.’ She replies, with the certainty only a myopic vendor can muster. I briefly wonder how she’d react to a newly rich lottery winner with no manners, no taste, but a desire to live in a dated semi with crooked floors and rotting window frames and happy to pay over the odds. She’d take the money.

‘What are you looking for in an agent?’ I ask, using a favourite question for disgruntled owners who have worked their way through the cheap operators and should be ready to pay a fair fee.
‘Well you’re all the same.’ She pronounces coldly as the dog growls in confirmation and bares her yellowing teeth at me. We’re not: any more than builders, painters or prostitutes.
‘Just want your fee and me to sell for a giveaway price.’ Continues the woman, as I realise why her husband left her for a younger model and a home that didn’t sag, too.

‘What you don’t seem to realise,’ continues the woman hitting her stride, as I think, I do lady, I really do. ‘Is there’s nothing out there as nice as mine for the money. I’m not giving it away.’
I glance at my pad and the suggested asking price I’ve pencilled in. One £25,000 less than she’s grumbling about now. I’ve more chance of the dog liking me than its owner warming to my proposed course of action.

‘You people just try to drive prices down to get a quick sale.’ Rails the lady as her dog senses the antipathy and begins a soft menacing growl while it eyes my trouser leg again. Curiously, a disgruntled buyer unable to find anything they could afford accused me off pushing prices up to unaffordable levels, not thirty minutes ago. This isn’t a profession for insecure people seeking approval.

‘Any joy?’ Asks assistant manager T, as I slope back in the office, wiry hairs clinging doggedly to my suit, questioning of my parenthood, still ringing in my ears.

Not a lot.

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